Condominium Insurance in Duluth, GA

Condominium insurance, often referred to as HO-6 insurance, is crucial for condo owners. This type of policy can provide coverage that a condo association’s master policy does not, such as protection for personal belongings and liability for third-party injuries inside your unit.

At Top Insurance LLC in Duluth, Georgia, we can help you explore various coverage options to find the best policy for your needs. Contact us today for more information.

What Do Condo Policies Cover?

While coverage can vary, a typical HO-6 policy might include:

• Dwelling coverage may cover damage to the interior of your condo, including damage from events like fires and burglaries.

• Personal property coverage may help cover the cost of damaged or lost personal items, such as clothing and furniture.

• Personal liability coverage may help cover medical bills or legal expenses if you’re at fault for another party’s bodily injuries or property damage.

• Additional living expenses may cover costs like hotel stays if your condo is damaged and you need to live elsewhere during repairs.

Additional coverage options may be available, such as flood insurance or personal umbrella insurance. Contact our agency to learn more about the coverages you might need.

How Does Coverage Work?

Condo insurance can provide financial protection for specific risks associated with owning a condo. When you purchase a policy, you pay a premium in exchange for coverage. If a covered event occurs, you can file a claim with your insurance company and potentially receive compensation for your losses up to the policy limits and minus its deductible.

Are Policies Mandatory?

While condo insurance is not always legally required, many mortgage lenders and condo associations require it. Even if it’s not mandatory, having condo insurance is a wise decision to protect your investment and personal belongings.

Getting Condo Insurance

Top Insurance LLC can help you understand your HO-6 policy options. Contact us today for more details or to request a quote.